Definitions for "bridge loan"
In international finance, a bridge loan refers to an advance taken in order...
Short-term financing which is expected to be paid back relatively quickly, such as by a subsequent longer-term loan. Also called bridge financing. Usually convertible to equity.
A type of mortgage financing between the termination of one loan and the start of another loan. For example, a mortgage secured by the borrower's present home (which is usually up for sale) in a manner that allows the proceeds to be used for closing on a new house before the present home is sold. Also known as a "swing loan."
Keywords:  buydown, balloon, payment
buydown balloon payment
Keywords:  mortgagor
Keywords:  equity, secure, property, second, owned
The use of equity from one property to secure funds to obtain interest in another property.
A second mortgage secured by other property owned by the borrower.
Keywords:  broker, buy, down
Broker Buy Down